This is a mirror of the original BitMEX trollbox archive that used to be online here.
BitMEX disabled their archive after the DDOS attack so I have decided to make my mirror publicly available.

Well now, a few days after I made this mirror available to the public, the original archive from BitMEX is online again.
But since it is still limited (neutered to the last few hundred messages) I will keep my FULL mirror alive.

You have access to more than 50 million trollbox posts. This is more than 7 gigabyte of data hosted on a $5 server so please be patient or consider a donation

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[2016-12-28 00:58:39] MikeHunt : like ones i got?
[2016-12-28 00:58:40] dodic : hehe
[2016-12-28 00:58:47] dodic : jolly short
[2016-12-28 00:59:51] MrRGnome : MikeHunt: under the positions tab?
[2016-12-28 01:00:24] MikeHunt : found it
[2016-12-28 01:00:27] MikeHunt : the adrenaline
[2016-12-28 01:00:36] dodic : yeah 100x short time
[2016-12-28 01:00:43] dodic : (not)
[2016-12-28 01:00:48] justinlooking : stand away from the closing doors
[2016-12-28 01:00:50] narnarfromnarnia : lol
[2016-12-28 01:01:06] narnarfromnarnia : waterfall inbound
[2016-12-28 01:01:48] dodic : I am too chicken to game this
[2016-12-28 01:01:53] cg : stamp not moving at all, this is bound to correct down
[2016-12-28 01:01:59] MrRGnome : dodic: me too
[2016-12-28 01:02:30] dodic : The timid chicken... lives to see another day?
[2016-12-28 01:02:37] dodic : wisdom
[2016-12-28 01:02:53] Nerve : 100x is insane
[2016-12-28 01:03:13] Nerve : you will survive about 10 min
[2016-12-28 01:03:34] MrRGnome : I rode the last two bubbles, and it's just too risky. Worked great the first time. Worked great the second time. Until it didn't and I lost more than I made in a flash crash
[2016-12-28 01:03:48] narnarfromnarnia : Nerve: somehow surived a whole night got locked out without OTP
[2016-12-28 01:03:51] MrRGnome : Now I just ride the shorts when the bubbles get insane
[2016-12-28 01:03:59] narnarfromnarnia : MrRGnome: ya shart it
[2016-12-28 01:04:37] Nerve : MrRGnome: short ???
[2016-12-28 01:04:54] MrRGnome : I'm not shorting until I get a clear signal, this shit is very bubbly
[2016-12-28 01:05:05] MrRGnome : If the next dip clearly resolves as a bull trap I'll short
[2016-12-28 01:05:13] Nerve : ? omg
[2016-12-28 01:05:19] cg : bulls on okcoin are crazy strong indeed..
[2016-12-28 01:05:24] Nerve : good luck with that
[2016-12-28 01:05:34] MikeHunt : i remember last bubble
[2016-12-28 01:05:44] MikeHunt : near the end of the triple top
[2016-12-28 01:05:46] MikeHunt : near the drop
[2016-12-28 01:05:47] dodic : the SSE closed down
[2016-12-28 01:05:54] dodic : again
[2016-12-28 01:05:57] MikeHunt : this real wierd fuzzy bot pattern appeared
[2016-12-28 01:06:02] dodic : probably fed into this
[2016-12-28 01:06:05] MikeHunt : SSE?
[2016-12-28 01:06:09] MrRGnome : It's rough and unpredictable even with stop losses
[2016-12-28 01:06:13] dodic : shanghai stock exchange
[2016-12-28 01:06:19] zanza : .375
[2016-12-28 01:06:25] MrRGnome : Not uncommon for exchanges freezing up or going offline temporarily causing the initial crash
[2016-12-28 01:06:36] MrRGnome : Nothing you can do as a trader about that
[2016-12-28 01:06:43] MrRGnome : That's what screwed me last time.
[2016-12-28 01:07:08] MikeHunt : so after u sell u buy to cancel it out?
[2016-12-28 01:07:22] dodic : yup, they cancel each other out
[2016-12-28 01:07:41] MrRGnome : MikeHunt: Yes, a position is a wager and to "close" your position is to make the opposite of your order so you have 0 contracts
[2016-12-28 01:08:01] dodic : be careful to match your numbers and check you open orders... i've had a few cases where I though i was closing a position and then boom other direction from an order I forgot about
[2016-12-28 01:08:26] dodic : or you can use "close position" button... but I don't like it
[2016-12-28 01:08:35] MrRGnome : This doesn't look like a dip is on th ehorizon, just more up for the short term
[2016-12-28 01:08:49] BitMEX_Sam : If you use the `Close on Trigger` order type on Stops or the Close buttons, it will execute an order that can only reduce your position, and cancel all other orders in that symbol
[2016-12-28 01:09:41] buttcoin : MrRGnome: another leg up perhaps
[2016-12-28 01:09:53] javierstone : MrRGnome: short it!
[2016-12-28 01:10:04] MrRGnome : javierstone: I want to you don't need to encourage me!
[2016-12-28 01:10:05] javierstone : wiht yer lil fantasy friends
[2016-12-28 01:10:18] MikeHunt : BitMEX_Sam: what if you place an order in market?
[2016-12-28 01:10:19] happy : short?
[2016-12-28 01:10:33] MrRGnome : javierstone: You have a problem with sell orders? profit taking? Your ideology only allows for purchases?
[2016-12-28 01:10:34] BitMEX_Sam : MikeHunt: Same, if you use the Close Market order.
[2016-12-28 01:11:18] javierstone : MrRGnome: nah i just like talking shit to strangers on the internet
[2016-12-28 01:11:34] MikeHunt : BitMEX_Sam: i noticed the order value for cancelling out is higher than balance
[2016-12-28 01:11:40] MikeHunt : that means im loosing right?
[2016-12-28 01:11:49] mjones : one of these times short will be the right move
[2016-12-28 01:12:02] BitMEX_Sam : No, they're not related in that way, Order Value is the total value of the actual order at 1x.
[2016-12-28 01:12:12] BitMEX_Sam : See PNL for whether or not you are up or down.
[2016-12-28 01:12:21] buttcoin : I say another leg up to 1000$ before a correction
[2016-12-28 01:12:48] mjones : 0kcoin dump to 6800 cny just now
[2016-12-28 01:12:59] MrRGnome : buttcoin: very possible imo
[2016-12-28 01:13:04] narnarfromnarnia : who went long lol
[2016-12-28 01:13:19] Cryptonary : narnarfromnarnia: guilty
[2016-12-28 01:13:19] mjones : bitmex laggy again
[2016-12-28 01:13:20] Nerve : CHINA ??
[2016-12-28 01:13:31] narnarfromnarnia : Cryptonary: careful
[2016-12-28 01:13:46] MikeHunt : BitMEX_Sam: so if i did a 25x selll order and bitcoin goes down and balance is less than order value
[2016-12-28 01:13:47] narnarfromnarnia : they like to try and squeeze each end hard
[2016-12-28 01:13:48] MikeHunt : i make profit?
[2016-12-28 01:14:10] BitMEX_Sam : MikeHunt: No, again that is not how they are related.
[2016-12-28 01:14:20] dodic : my non serious short is making some non serious profit
[2016-12-28 01:14:23] dodic : lol
[2016-12-28 01:14:24] BitMEX_Sam : If you have 1 XBT balance, you can open an XBTUSD position with up to 100 XBT order value
[2016-12-28 01:15:00] Cryptonary : narnarfromnarnia: it will get up i hopw
[2016-12-28 01:15:03] BitMEX_Sam : You make profit on a short if your exit price is less than your entry price, and vice versa if long. That's what you should be paying attention to.
[2016-12-28 01:15:52] javierstone : whoa that was a fun lil jaunt
[2016-12-28 01:15:52] MikeHunt : BitMEX_Sam: i think i just made $10
[2016-12-28 01:16:10] Nerve : 950 will be great for re-long 100x
[2016-12-28 01:16:14] happy : another gap up coming
[2016-12-28 01:17:13] MikeHunt : BitMEX_Sam: thanks for help btw
[2016-12-28 01:17:18] mjones : ETH/BTC new low
[2016-12-28 01:17:28] cg : looks like 0kcoin bulls dont care about gdax and stamp
[2016-12-28 01:19:19] MikeHunt : my first trade on here, did as 25x, is it ment to feel that scary?
[2016-12-28 01:19:51] BitMEX_Sam : Leverage is a tool, it can be dangerous or it can be very useful when applied at the right moment.
[2016-12-28 01:19:53] buttcoin : cg: why would they, US markets can't compete in volume
[2016-12-28 01:20:40] Naloxone : buttcoin: they don't manipulate the market this much
[2016-12-28 01:21:56] Naloxone : it's quite obvious okcoin and huboi use bots to pump the price MtGox style
[2016-12-28 01:22:06] narnarfromnarnia : whos short 100x
[2016-12-28 01:22:16] narnarfromnarnia : lul
[2016-12-28 01:22:26] mjones : no one
[2016-12-28 01:23:39] l3f : as an expert on tops
[2016-12-28 01:23:40] MrRGnome : BitMEX_Sam: Your current stance on leverage is so hypocritical with the public commentary out of this place ~2-3 years ago
[2016-12-28 01:23:41] l3f : I can say
[2016-12-28 01:23:45] l3f : this ain't top
[2016-12-28 01:23:57] MrRGnome : You even replace ok coin with okcoin, you have derided them so much
[2016-12-28 01:23:59] cg : buttcoin: who knows how many coins on there are real though
[2016-12-28 01:25:15] buttcoin : cg: really? I don't think it's all manipulation
[2016-12-28 01:25:56] Naloxone : cg: probably, they are real. they just keep buying and selling from/to themselves
[2016-12-28 01:27:22] Naloxone : Wash trade at its finest
[2016-12-28 01:27:34] buttcoin : Naloxone: I can believe that, but I'd like to believe people utilizing bitcoin is what drives price up
[2016-12-28 01:28:10] cg : but thats the point. real volume could be in the range of finex or stamp - we dont know
[2016-12-28 01:28:18] buttcoin : getting too serious in the troll box, quick, someone fart
[2016-12-28 01:30:21] MikeHunt : embezzlement seems to be driving it up
[2016-12-28 01:30:28] MikeHunt : with 93% of traffic being china
[2016-12-28 01:30:54] buttcoin : cg: don't know if I'd buy that, bitcoin seems to be more prevelant over there than here by a long shot
[2016-12-28 01:31:28] MikeHunt : iirc it was around $200 before china got involved
[2016-12-28 01:31:49] weasil : guys how do i leave an order open but put a stop in place if it opens sorry for the noob question
[2016-12-28 01:32:59] MikeHunt : i think u do it in stop market
[2016-12-28 01:33:26] MikeHunt : u might want to ask sam thou or a bitmex chat mod
[2016-12-28 01:33:44] weasil : where is sam ???
[2016-12-28 01:34:12] expressme : im new and from Australia can I still use this platform to trde
[2016-12-28 01:34:13] MikeHunt : not sure
[2016-12-28 01:34:26] weasil : no probs
[2016-12-28 01:34:43] MikeHunt : weasil: if u want stop then i think u place order in stop market
[2016-12-28 01:34:55] MikeHunt : weasil: put your quantity and price u want it to stop
[2016-12-28 01:35:01] Naloxone : expressme: you can
[2016-12-28 01:35:16] MikeHunt : weasil: if u want it to cancel out other position as well u can check the close on trigger
[2016-12-28 01:35:27] expressme : thankyou
[2016-12-28 01:35:32] MikeHunt : expressme: if you have BTC then yeh
[2016-12-28 01:36:22] Cryptonary : up or dowen btc?
[2016-12-28 01:36:39] Cryptonary : down
[2016-12-28 01:36:40] MrRGnome : Cryptonary: lloks up to me
[2016-12-28 01:36:47] weasil : thanks so i will have a position open plus a stop open at same time
[2016-12-28 01:36:56] Cryptonary : MrRGnome: me 2
[2016-12-28 01:37:20] narnarfromnarnia : l3f: isnt top
[2016-12-28 01:37:26] narnarfromnarnia : 980
[2016-12-28 01:37:49] l3f : sorry if the media frenzy get in this is going 1k-2k
[2016-12-28 01:37:56] l3f : there's no stopping it now
[2016-12-28 01:38:20] happy : looks like another gapping up soon?
[2016-12-28 01:39:04] l3f : also there's the btc etf
[2016-12-28 01:39:58] l3f : needs to consolidate a bit
[2016-12-28 01:40:03] l3f : otherwise I'll crash straight down
[2016-12-28 01:40:13] l3f : let the whale do his job
[2016-12-28 01:40:19] l3f : let more buyers in
[2016-12-28 01:40:27] l3f : they'll baghold and keep the price stable
[2016-12-28 01:41:49] Cryptonary : 7000 today?
[2016-12-28 01:41:59] narnarfromnarnia : Cryptonary: already there
[2016-12-28 01:42:54] happy : huobi only 6848
[2016-12-28 01:43:00] Cryptonary : narnarfromnarnia: where
[2016-12-28 01:43:06] narnarfromnarnia : Cryptonary: 7k dream
[2016-12-28 01:43:07] REKT : Liquidated long on `ZECZ16`: sell 10 @ 0.045371
[2016-12-28 01:43:15] MikeHunt : usd/yuan suggests potential 10% dump
[2016-12-28 01:43:38] narnarfromnarnia : MikeHunt: how so?
[2016-12-28 01:43:51] narnarfromnarnia : this thing can go up and down $10 here soon in a flash
[2016-12-28 01:43:54] happy : 10%? That's not gonna happen in days
[2016-12-28 01:43:57] narnarfromnarnia : no need for leverage
[2016-12-28 01:43:58] MikeHunt : narnarfromnarnia: look at usd/cny 1day
[2016-12-28 01:44:20] narnarfromnarnia : ya i see it
[2016-12-28 01:44:27] narnarfromnarnia : i want to just fill my shorts now but
[2016-12-28 01:44:38] narnarfromnarnia : we gotta learn to read the flicker bots
[2016-12-28 01:44:46] REKT : Liquidated short on `XBCZ16`: buy 10 @ 6869.5
[2016-12-28 01:44:54] happy : huobi now 6860
[2016-12-28 01:45:03] narnarfromnarnia : 960 or 980
[2016-12-28 01:45:05] MikeHunt : narnarfromnarnia: are you using bfxdata as well?
[2016-12-28 01:45:08] happy : Another day high!!!!!!!
[2016-12-28 01:45:15] narnarfromnarnia : MikeHunt: ya
[2016-12-28 01:45:16] Cryptonary : nice
[2016-12-28 01:45:22] narnarfromnarnia : https://www.bfxdata.com/positions/btcusd
[2016-12-28 01:45:26] ayy_lmao : $$
[2016-12-28 01:45:27] narnarfromnarnia : perfect for more up
[2016-12-28 01:45:31] REKT : Liquidated short on `XBTZ16`: buy 4000 @ 961.52
[2016-12-28 01:45:32] narnarfromnarnia : 50/50 still in 1hr
[2016-12-28 01:45:35] BitFan : 6884
[2016-12-28 01:45:41] MikeHunt : triangle upsy
[2016-12-28 01:46:12] narnarfromnarnia : ya
[2016-12-28 01:46:12] narnarfromnarnia : wow
[2016-12-28 01:46:20] narnarfromnarnia : its getting nuts
[2016-12-28 01:46:46] MikeHunt : when near major drop u tend to see bot fuzz
[2016-12-28 01:46:50] MikeHunt : thats the warning sign
[2016-12-28 01:47:00] narnarfromnarnia : ok
[2016-12-28 01:47:13] narnarfromnarnia : lol bot fuzz
[2016-12-28 01:47:20] MikeHunt : i think it depends on the exchange volume but i saw it on huobi around time bitfinex failed
[2016-12-28 01:47:28] MikeHunt : last bubble
[2016-12-28 01:47:34] happy : going up again
[2016-12-28 01:48:00] MrRGnome : look at how low the volume has become on these highs, this thing could break dramatically in either direction with a little volume.
[2016-12-28 01:48:46] happy : wow
[2016-12-28 01:48:57] buttcoin : MrRGnome: that's why I'm convinced a correction will happen at 1000$
[2016-12-28 01:48:57] BitFan : usd/cny 1day
[2016-12-28 01:49:25] halloz : WoooooW LOL
[2016-12-28 01:49:30] MrRGnome : buttcoin: With this much incentive to stop loss I'm sure it will break in both directions before the bubble is through
[2016-12-28 01:49:38] halloz : Weeeeeee
[2016-12-28 01:49:42] l3f : insane funding rate incoming
[2016-12-28 01:49:44] MrRGnome : *stop loss hunt
[2016-12-28 01:49:56] buttcoin : MrRGnome: true
[2016-12-28 01:50:33] aethlios : where are the liq. guys???
[2016-12-28 01:50:48] cg : stamp is becoming irrelevant lol
[2016-12-28 01:50:58] mjones : aethlios: only deep pockets are shorting
[2016-12-28 01:51:07] MikeHunt : cg: bitstunk?
[2016-12-28 01:51:08] mjones : so when it comes falling down they can make profit on all the longs called
[2016-12-28 01:51:43] dodic : jesus take the wheel
[2016-12-28 01:51:49] ayy_lmao : lol
[2016-12-28 01:51:50] MikeHunt : rising wedge
[2016-12-28 01:52:07] aethlios : gold silver holders looking btc going up and gold down.... soon parity to gold
[2016-12-28 01:52:41] narnarfromnarnia : liq hunter
[2016-12-28 01:52:41] aethlios : as jesse livermore used to say: be right and sit tight
[2016-12-28 01:52:43] MikeHunt : i want to see 8000
[2016-12-28 01:52:47] MikeHunt : muh greed
[2016-12-28 01:52:48] sleger : lol, only bitcoiners look at bitcoin price
[2016-12-28 01:53:37] narnarfromnarnia : dang i dunno waht to do here lol
[2016-12-28 01:53:51] dodic : i keep flipping from one nano position to another
[2016-12-28 01:53:54] narnarfromnarnia : that 1min way over done but this can go up more easily
[2016-12-28 01:53:59] dodic : made lost like 5 dollars lol
[2016-12-28 01:54:03] buttcoin : The only rising wedge going on is the one in my pants
[2016-12-28 01:54:16] narnarfromnarnia : when i start seeing rekts it's time to short maybe
[2016-12-28 01:54:51] MikeHunt : usd/yuan 1min is looking like a sizemagraph
[2016-12-28 01:55:25] narnarfromnarnia : 1m bull flag
[2016-12-28 01:56:07] happy : bull?
[2016-12-28 01:56:25] happy : I am buying here
[2016-12-28 01:57:06] MrRGnome : happy: good luck
[2016-12-28 01:57:16] happy : Price are not as sensitive as huobi
[2016-12-28 01:57:37] MikeHunt : okcoin is where its at
[2016-12-28 01:57:53] MikeHunt : huobi is like china's bitstamp
[2016-12-28 01:58:25] narnarfromnarnia : wait for the 100k sell wall and short about 10 dollars above that after its all rekts to pieces
[2016-12-28 01:58:39] dodic : bizarro world
[2016-12-28 01:58:45] happy : ex: price of huobi went up ¥10, No change here. Does that mean buy here?
[2016-12-28 01:59:12] dodic : lol bots fidgeting
[2016-12-28 01:59:19] dodic : sharky market makers
[2016-12-28 02:01:18] MikeHunt : triangle? up?
[2016-12-28 02:01:33] halloz : When she orgasms - it's going to be the most spectacular thing of the year.
[2016-12-28 02:02:09] MikeHunt : buyometer is up
[2016-12-28 02:02:19] MrRGnome : halloz: If she only orgasms once a year you aren't treating her right
[2016-12-28 02:02:24] l3f : dip buyers strong
[2016-12-28 02:02:34] halloz : lol
[2016-12-28 02:03:28] MrRGnome : I need to pop, nobody buy or sell anything without me
[2016-12-28 02:03:29] MikeHunt : triangle up!
[2016-12-28 02:03:30] MrRGnome : tell china
[2016-12-28 02:03:31] happy : wow another day high coming
[2016-12-28 02:03:37] MrRGnome : *poop
[2016-12-28 02:03:53] MikeHunt : dont worry, like with constapation, its coming out one way or another
[2016-12-28 02:04:12] der : GO CHINA
[2016-12-28 02:04:36] MrRGnome : false alarm, just a weighty fart
[2016-12-28 02:04:39] MrRGnome : proceed china
[2016-12-28 02:04:48] happy : Anyone know how to use bots?
[2016-12-28 02:05:05] MrRGnome : use which bot, or do you mean make bots?
[2016-12-28 02:05:05] dodic : hey mods the mean market maker is pulling bids, *cries*
[2016-12-28 02:05:13] m3s : just noticed i didnt cancel my sell at 937 when going to bed. got hit with FOMO hard
[2016-12-28 02:05:49] dodic : actually i guess it would be pulling *asks*
[2016-12-28 02:06:10] MikeHunt : green dildo to 6890 and we win
[2016-12-28 02:06:14] MikeHunt : nearly there
[2016-12-28 02:06:29] MrRGnome : MikeHunt: the btc price is over $950, we've already won. I'm celebrating
[2016-12-28 02:06:43] MrRGnome : Even if we lose $150 from here and sit at the $800 trend line I am super pleased
[2016-12-28 02:06:59] ayy_lmao : this funding lmao
[2016-12-28 02:07:44] MrRGnome : ayyy lmao
[2016-12-28 02:07:46] MikeHunt : MrRGnome: i made ~$50 today so i dont want to loose it
[2016-12-28 02:07:48] happy : let's push this to a new high lol
[2016-12-28 02:07:50] shery : china new high in 3 21
[2016-12-28 02:07:59] shery : what a morning , when you have order fill at 927
[2016-12-28 02:08:18] dodic : this just in china done broke, btc to 10k
[2016-12-28 02:08:53] happy : oops
[2016-12-28 02:09:11] shery : 0mg 0.37 wtf
[2016-12-28 02:09:28] happy : 0.375
[2016-12-28 02:09:37] dodic : hahaha yeah
[2016-12-28 02:09:51] shery : This isnt fair
[2016-12-28 02:09:54] dodic : the fee reckoning
[2016-12-28 02:10:02] shery : so much high fees\
[2016-12-28 02:10:07] dodic : fundeckoning
[2016-12-28 02:10:35] happy : ooops
[2016-12-28 02:10:46] m3s : i didnt cancel my sell at 937 before going to bed, I was fucking sure I did :'(
[2016-12-28 02:11:03] dodic : gonna be fun to see if the rise in btc can outmatch the selling pressure at swap
[2016-12-28 02:11:47] dodic : spooooooky
[2016-12-28 02:12:32] l3f : shery: funding
[2016-12-28 02:12:33] l3f : not fees
[2016-12-28 02:12:34] MrRGnome : bitstamp is falling pretty far behind
[2016-12-28 02:12:35] l3f : :^)
[2016-12-28 02:13:40] javierstone : MrRGnome: what if i told you bitstamp didn't even exist
[2016-12-28 02:14:40] happy : what is a best price to buy
[2016-12-28 02:14:46] sleger : ]]]]]]]]]]]]]]]]]]
[2016-12-28 02:14:58] dodic : holy moly i can't predict anything here
[2016-12-28 02:15:13] dodic : chop chop chop
[2016-12-28 02:15:47] narnarfromnarnia : seems like no liq's hit
[2016-12-28 02:15:56] narnarfromnarnia : so let more shorts open up perhaps
[2016-12-28 02:16:11] shery : narnarfromnarnia: short or long?
[2016-12-28 02:16:21] narnarfromnarnia : shery: down from here possibly
[2016-12-28 02:16:26] MrRGnome : looks like we might enter a short term consolidation inn this area
[2016-12-28 02:16:27] narnarfromnarnia : shorted 954
[2016-12-28 02:16:44] shery : narnarfromnarnia: I will enter at possibly a bit higher to short as funding is near and we will slide down
[2016-12-28 02:16:52] happy : buy????????
[2016-12-28 02:17:03] memes : check the woodchipper
[2016-12-28 02:17:04] MrRGnome : going to be a bump on this exchange post funding I wager
[2016-12-28 02:17:22] halloz : okc crawling up
[2016-12-28 02:17:28] arbitrage001 : nice funding
[2016-12-28 02:17:31] arbitrage001 : keep it up
[2016-12-28 02:17:39] dodic : totally a game of chicken funding vs btc pop
[2016-12-28 02:17:45] dodic : so much drama!
[2016-12-28 02:18:01] memes : thos prices on cny exchanges cant be right, they are like 40$ above the other
[2016-12-28 02:18:03] shery : ysterday btcoin ukmp at time of funding created a big drama
[2016-12-28 02:18:12] happy : drama
[2016-12-28 02:18:17] narnarfromnarnia : that was me
[2016-12-28 02:18:22] narnarfromnarnia : shery you're right
[2016-12-28 02:18:25] dodic : *drama*
[2016-12-28 02:18:26] narnarfromnarnia : we haven't hit rekts
[2016-12-28 02:18:30] happy : tired at watching this
[2016-12-28 02:18:31] narnarfromnarnia : and funding is 1hr
[2016-12-28 02:18:33] narnarfromnarnia : really high
[2016-12-28 02:18:46] narnarfromnarnia : but short squeeze here could really increase position
[2016-12-28 02:19:07] MrRGnome : the $40 dollar price disparity is intense
[2016-12-28 02:19:12] happy : Fading is super super high right?
[2016-12-28 02:19:16] happy : Funding
[2016-12-28 02:19:17] MrRGnome : this thing could snap at any point
[2016-12-28 02:19:30] narnarfromnarnia : MrRGnome: are you short from here?
[2016-12-28 02:19:40] halloz : wow china
[2016-12-28 02:19:40] MrRGnome : I'm simply holding BTC, not leveraged at all
[2016-12-28 02:19:43] happy : If I have 1btc, and I Sell 100btc contract, I will get .375 btc
[2016-12-28 02:19:43] MrRGnome : Wiating for a window to short
[2016-12-28 02:19:51] MrRGnome : I don't think this is it yet
[2016-12-28 02:19:52] halloz : just wow
[2016-12-28 02:19:55] dodic : *game theory*
[2016-12-28 02:20:18] dodic : *a study on future trading on bitmex*
[2016-12-28 02:20:33] MrRGnome : happy: Yes Happy, but then the price will move up 2 dollars the second funding is done and you will lose 1.375 btc
[2016-12-28 02:21:03] sleger : he wont be happy anymore
[2016-12-28 02:21:15] dodic : hah
[2016-12-28 02:21:25] dodic : happy == sad
[2016-12-28 02:21:31] happy : lol
[2016-12-28 02:21:35] REKT : Liquidated short on `XMR7D`: buy 1058 @ 0.013358
[2016-12-28 02:21:40] dodic : the logical system is inconsistent, the universe collapses
[2016-12-28 02:21:50] l3f : sleger: how much funding are you collecting? must be making bank
[2016-12-28 02:21:58] sleger : not that much
[2016-12-28 02:21:58] l3f : these are usury rates
[2016-12-28 02:22:02] sleger : like 5 btc per day
[2016-12-28 02:22:08] l3f : dayam
[2016-12-28 02:22:31] sleger : funding is not high enough, the swap doesnt even trade at mark
[2016-12-28 02:22:54] MrRGnome : funding is a horrible emchanism for getting price to match mark
[2016-12-28 02:23:20] sleger : whats stupid is that its capped by leverage
[2016-12-28 02:23:26] sleger : the more leverage the lower the cap
[2016-12-28 02:23:29] arbitrage001 : yes
[2016-12-28 02:23:29] sleger : how stupid is that
[2016-12-28 02:23:37] arbitrage001 : 3% a day would be nice
[2016-12-28 02:23:45] arbitrage001 : i quit trading and leech on funding
[2016-12-28 02:24:04] arbitrage001 : actually, i am already doing that at 1% a day
[2016-12-28 02:24:23] arbitrage001 : guess i am cheap
[2016-12-28 02:24:26] MrRGnome : I don't think it's stupid that it's capped, I think it's stupid it exists. If it wasn't capped it would be even worse for casual users who would be just feeding you with no appreciation that the funding rate could go from 0 to 3% overnight
[2016-12-28 02:24:27] happy : Funding is only for BitMex or all the trading website has it?
[2016-12-28 02:24:47] MrRGnome : It would be amazing from your perspective if it wasn't capped, but it would screw the people you make money off of
[2016-12-28 02:24:54] MikeHunt : another potential up triangle
[2016-12-28 02:25:44] sleger : MrRGnome: what do you want instead ?
[2016-12-28 02:25:46] m3s : is this thing gonna retrace or what
[2016-12-28 02:25:56] MikeHunt : m3s: its going down
[2016-12-28 02:25:56] MrRGnome : I like futures instead of swap
[2016-12-28 02:25:58] BitMEX_Greg : Hi guys, seeing some questions about the Funding Rate pop up. I'm here to help if you have any questions just @ me. Just FYI, the funding rate is exchanged between longs and shorts only. BitMEX does not take any part of it, hence it is not a fee. If you are short then you will earn this rate
[2016-12-28 02:25:58] l3f : m3s: it doesn't retrace
[2016-12-28 02:26:17] MikeHunt : m3s: going down but im going by 1min time
[2016-12-28 02:26:23] firecasey : trying to get 5 btc tonight just to short this
[2016-12-28 02:26:24] m3s : l3f: i know!! need to get in since I fucked up my 905 long
[2016-12-28 02:26:27] MrRGnome : I just think if you're going to have swap, it makes sense to acknowledge it cna be exploitive and cap the damage it can do
[2016-12-28 02:26:29] shery : l3f: such a strong supporter of bitcoin bull
[2016-12-28 02:26:43] l3f : shery: because I haven't lost money just buying and holding
[2016-12-28 02:26:54] l3f : which is why I advice you to avoid shorting if possible
[2016-12-28 02:27:02] shery : l3f: well you have prooved correct
[2016-12-28 02:27:07] MikeHunt : is there a PnL calculator?
[2016-12-28 02:27:20] l3f : MikeHunt: right next to the place order calculator
[2016-12-28 02:27:25] MrRGnome : calculator icon adjacent to "place Order" white text, top left
[2016-12-28 02:27:25] shery : l3f: I have maid good amount via shorting too
[2016-12-28 02:27:42] l3f : BitMEX_Greg: is it possible to have the liquidation price be displayed in the confirmation dialog?
[2016-12-28 02:27:56] l3f : I hate entering without knowing the liquidation price
[2016-12-28 02:28:17] sleger : MrRGnome: so your suggestion is just to cap the market at mark +/- 0.375% ?
[2016-12-28 02:28:24] l3f : maybe "your previous liquidation price -> new liquidation price"
[2016-12-28 02:28:35] MikeHunt : l3f: order value?
[2016-12-28 02:28:51] MikeHunt : l3f: i was thinking about like how much gained/lost, not just order value
[2016-12-28 02:28:57] Yazz : This site is so confusing compared to Polo... Guess its got more features but, wow...
[2016-12-28 02:29:01] BitMEX_Greg : l3f: I believe this shows up as 'Estimated Liquidation Price' with a price there
[2016-12-28 02:29:19] sleger : fyi that price is often wrong
[2016-12-28 02:29:21] Yazz : I'll get there... eventually
[2016-12-28 02:29:31] l3f : BitMEX_Greg: that does include my existing position?
[2016-12-28 02:29:44] happy : it's always wrong
[2016-12-28 02:30:16] halloz : It amazes me nobody is selling. Hoard all the coins!!!
[2016-12-28 02:30:17] happy : Are we going to be down?to 900?
[2016-12-28 02:30:48] MikeHunt : happy: when this goes down, its going to be epic but the bots will fight til the bitter end
[2016-12-28 02:30:49] narnarfromnarnia : 800
[2016-12-28 02:30:57] dodic : 799
[2016-12-28 02:31:06] shery : narnarfromnarnia: nice
[2016-12-28 02:31:22] shery : narnarfromnarnia: 1k on friday is on grounds
[2016-12-28 02:32:00] MrRGnome : I'd prefer swap not be used as a mechanism to attempt to get the last price to track the mark price at all. @sleger. I would be more in favor of a solution that didn't put gambelers in a position where they have no idea if they can hold their position overnight because while price may be relatively stagnant or remotely in the direction you gambled, the funding may murder you. I'd be for example perfectly happy with a bitmex instrument that didn't focus on the impossible of tracking another index and just traded off it's own volume
[2016-12-28 02:32:07] halloz : - ∞
[2016-12-28 02:32:59] BitMEX_Greg : l3f: Hi, if you exit a position then you won't have a liquidation price. And yes as sleger notes that price is an estimated price only. We are currently working to improve that calculation
[2016-12-28 02:33:06] sleger : MrRGnome: then it might trade at 12, 145 or 998
[2016-12-28 02:33:14] MrRGnome : sleger: yes that's right
[2016-12-28 02:33:15] sleger : no reason to track anything in particular
[2016-12-28 02:33:29] MikeHunt : BitMEX_Greg: will we get notified as to wen caculation may change?
[2016-12-28 02:33:29] MrRGnome : i'm okay with that, and trading that instrument. If I wanted to trade another index I'd be using that platform
[2016-12-28 02:33:32] sleger : its already enough of a casino
[2016-12-28 02:33:51] MrRGnome : swap doesn't make it any less of a casino, just a confusing one
[2016-12-28 02:33:57] Ebit : if i open a perpetual swap and it gets liquidated. I dont lose everything right? I just get closed at the liquidated market price?
[2016-12-28 02:34:24] sleger : i dont agree, it serves a purpose, but not tracking mark because funding is capped is a design error
[2016-12-28 02:34:25] MrRGnome : Ebit: if you are at cross margin you lose everything
[2016-12-28 02:34:44] l3f : sleger: maybe a shorter funding interval?
[2016-12-28 02:34:46] happy : no, you closed at the broke price. (Which you will lose all your cost)
[2016-12-28 02:34:59] sleger : l3f: that is the solution I had in ind
[2016-12-28 02:35:00] MrRGnome : sleger: We're going to have to agree to disagree. Ther eis no perfect solution, pros and cons to any instrument, but I don't like the cons of the current swap model and I would like it even less uncapped
[2016-12-28 02:35:06] sleger : *mind
[2016-12-28 02:35:22] l3f : sleger: I think it should just be a sliding interval based on volatility, best of both words
[2016-12-28 02:35:24] l3f : worlds*
[2016-12-28 02:36:46] arbitrage001 : cant expect to use 100x leverage long without giving bear incentive to short
[2016-12-28 02:37:23] MikeHunt : triangle result will be....
[2016-12-28 02:38:14] l3f : MikeHunt: more up and shorts btfo
[2016-12-28 02:38:22] happy : will we make a new high today?
[2016-12-28 02:38:30] BitMEX_Greg : MikeHunt: Hoping to have something early next month
[2016-12-28 02:38:56] halloz : weee
[2016-12-28 02:39:21] REKT : Liquidated short on `XBTUSD`: buy 50 @ 949.60
[2016-12-28 02:39:34] narnarfromnarnia : okay so we're near top
[2016-12-28 02:39:39] narnarfromnarnia : rekts comin
[2016-12-28 02:39:39] MikeHunt : BitMEX_Greg: ty
[2016-12-28 02:39:52] MikeHunt : damn internet cut out
[2016-12-28 02:39:58] MikeHunt : right in middle of trade
[2016-12-28 02:40:32] javierstone : it'll be fun to stare at 6900
[2016-12-28 02:40:42] shery : narnarfromnarnia: funding hour equal, 1 i would love it if it retraced in this time
[2016-12-28 02:41:53] narnarfromnarnia : shery: did you open a short position?
[2016-12-28 02:42:12] narnarfromnarnia : wait for it and say "go"
[2016-12-28 02:44:04] shery : narnarfromnarnia: yeah a obvious short, now, 50 $ ride in matter of 12 hours is not good , it needs sme kinda retrancement
[2016-12-28 02:44:14] shery : narnarfromnarnia: falling now
[2016-12-28 02:44:22] l3f : scalpers here's your chance
[2016-12-28 02:44:25] dodic : ahahahah
[2016-12-28 02:44:53] dodic : that moment when all the new guys read about funding
[2016-12-28 02:45:09] Ebit : MrRGnome: so i opened a perpetual swap at 25x leverage. If it gets liquidated I lose my whole margin. The liquidated price isn';t a stop loss?
[2016-12-28 02:45:10] m3s : dodic: hits you like a train
[2016-12-28 02:45:31] m3s : Ebit: it is yes
[2016-12-28 02:45:37] dodic : *wait, so its not a free loan*
[2016-12-28 02:45:46] l3f : dodic: shieeeeeettttttt
[2016-12-28 02:45:48] shery : 0.22 btcin for 52 xbt position easy money
[2016-12-28 02:46:12] Ebit : that sounds like horrible deal
[2016-12-28 02:46:24] MrRGnome : Ebit: Yep yup will lose all of your margin. the liquidation price represents when the difference between your entry price and the current price reflects your margin, so it is entirely consumed by the price differential when the position is closed/liquidated
[2016-12-28 02:47:17] dodic : dip could still be instantly obliterated by btc price pop
[2016-12-28 02:47:19] Ebit : i mind as well go trade x5 leverage somewhere else with a tight stop loss no?
[2016-12-28 02:47:40] Ebit : i mean i get high leverage here but the risk is also way too high
[2016-12-28 02:47:46] MrRGnome : Ebit: You'll get the same thing everywhere, it's not a bad thing it just means you're being too gambly
[2016-12-28 02:48:05] MrRGnome : If you want a better liquidation make a stop loss and go 5x here
[2016-12-28 02:48:18] dodic : I 've found that 1-5x leverage works for me for now
[2016-12-28 02:48:24] Ebit : for example I can bet $900 with 5x leverage on 1broker and set a SL to lose only $50
[2016-12-28 02:48:27] dodic : and actually i do better with lower leverage
[2016-12-28 02:48:35] dodic : less stress
[2016-12-28 02:48:36] l3f : If there ever was a time to be 100x
[2016-12-28 02:48:37] MrRGnome : Ebit yep you can do that everywhere, including here
[2016-12-28 02:48:38] Ebit : dodic: i see
[2016-12-28 02:48:39] l3f : it was 6 hours ago
[2016-12-28 02:48:43] ayy_lmao : lol
[2016-12-28 02:48:45] dodic : hahaha
[2016-12-28 02:48:50] m3s : l3f: lol
[2016-12-28 02:49:23] Ebit : MrRGnome: so can i set a SL here just $5 above liquidation price so i don;t lose everything
[2016-12-28 02:49:54] MrRGnome : Sure, but you'll only keep $5 * your margin
[2016-12-28 02:49:58] m3s : Ebit: you only loose your margin not your accont
[2016-12-28 02:50:02] MrRGnome : Just liek you would anywhere else
[2016-12-28 02:50:09] MrRGnome : The math is no different here
[2016-12-28 02:50:47] halloz : China wants MOAAARR
[2016-12-28 02:50:57] Ebit : MrRGnome: sorry ive never been liquidated before and 1broker don't have liquidations
[2016-12-28 02:51:19] m3s : Ebit: pretty sure they do
[2016-12-28 02:51:27] dodic : Ebit: anything with a margin account
[2016-12-28 02:51:34] MrRGnome : Ebit: Anywhere with leverage has liquidations
[2016-12-28 02:51:41] MrRGnome : Margin is you gambling with money you don't have
[2016-12-28 02:51:47] Ebit : m3s: no they have automatic stop losses at 20% of your position
[2016-12-28 02:51:58] MrRGnome : The money you DO have at some point must be consumed to cover your losses. There comes apoint where you have no more margin to lose
[2016-12-28 02:52:10] MrRGnome : that's whena liquidation happens
[2016-12-28 02:52:23] m3s : yes because max levere is 5x ?
[2016-12-28 02:52:46] Ebit : MrRGnome: like that's what I am trying to do. Like on the forex i only need $100 bucks with 200 leverage. I usally have a 2 to 1 ration on my positions
[2016-12-28 02:52:55] halloz : Pay attention to the mark price - that could save you in times of crisis
[2016-12-28 02:53:14] MrRGnome : Ebit you should be aware this isn't forex, and anything above 10x is pretty much suicide as a function of time
[2016-12-28 02:54:32] Ebit : m3s: this is from their site "All positions are assigned with a forced Stop Loss price, where your position gets closed automatically, if the market moves against your trade too much. You can calculate this assigned value in advance with our Stop Loss Limit calculator or look it up in the "Edit Position" dialog if it already exists. Since the Stop Loss price is not a guaranteed exit price, there is the possibility that your positions are closed with a negative value. Especially if markets move very fast or if you are holding leverged positions over-night/over-weekend you might lose more funds than initially invested. We currently have no "margin calls" or similar mechanisms."
[2016-12-28 02:54:44] Ebit : MrRGnome: hmm i see
[2016-12-28 02:54:49] narnarfromnarnia : shery: short?
[2016-12-28 02:54:50] MrRGnome : Imagine you were trading 200x on penny stocks
[2016-12-28 02:54:54] MrRGnome : It's just crazy volatile
[2016-12-28 02:54:58] dodic : oh this is just, juicy. The forces of extreme funding and BTC bullishness are locked in struggle :D
[2016-12-28 02:55:00] MrRGnome : So be careful
[2016-12-28 02:55:22] shery : narnarfromnarnia: yeah
[2016-12-28 02:55:25] Ebit : MrRGnome: luckily i cashed out $300 profit on my 25x lev earlier
[2016-12-28 02:55:26] Ebit : shit
[2016-12-28 02:55:28] m3s : a retrace to 930 should happen tho
[2016-12-28 02:55:30] dodic : Soap opera material
[2016-12-28 02:55:35] dodic : right here
[2016-12-28 02:55:46] dodic : who will prevail?
[2016-12-28 02:56:34] MrRGnome : Ebit: Grats, keep up the good trades
[2016-12-28 02:56:42] MrRGnome : Ebit you have a position right now?
[2016-12-28 02:56:47] dodic : Who gets REKT? Next time on degenerate gambling online!
[2016-12-28 02:56:59] tuttyking : can someone give me a simple breakdown of the funding rate and how/
[2016-12-28 02:57:05] MrRGnome : dodic: my favourite show!
[2016-12-28 02:57:11] l3f : this is the most degenerate gambling site
[2016-12-28 02:57:12] tuttyking : it is affecting the price
[2016-12-28 02:57:13] tuttyking : ty
[2016-12-28 02:57:16] m3s : dodic: is it gambling if you consistently make money?
[2016-12-28 02:57:18] l3f : where you borrow money to gamble
[2016-12-28 02:57:28] l3f : m3s: gamblers win, then they lose
[2016-12-28 02:57:47] m3s : of course, i said consistently
[2016-12-28 02:57:52] Ebit : MrRGnome: i did but the lev was too high so i just closed it. Will need to do more research
[2016-12-28 02:57:56] sleger : tuttyking: https://www.bitmex.com/app/swapsGuide
[2016-12-28 02:57:57] MrRGnome : tuttyking: funding rate is a tool used to encourage the trading price to match the mark price. Every 8 hours either longs or shorts pay the other up to 0.375% of their position
[2016-12-28 02:58:32] narnarfromnarnia : lot of shorts opened now?
[2016-12-28 02:58:36] narnarfromnarnia : how do we check that data
[2016-12-28 02:58:43] narnarfromnarnia : bfxdata says lot of sells open
[2016-12-28 02:58:45] narnarfromnarnia : uh oh
[2016-12-28 02:58:45] MrRGnome : If the price being traded is much higher than the mark price,t he funding rate wwill be positive and longs pay shorts
[2016-12-28 02:58:52] narnarfromnarnia : short squeeze up could happen
[2016-12-28 02:58:58] Ebit : how do futures work. Basically I place a position on it and it stays open until said date?
[2016-12-28 02:59:11] tuttyking : MrRGnome: @sleger thanks heaps
[2016-12-28 02:59:13] MrRGnome : Ebit: You got it
[2016-12-28 02:59:24] dodic : tuttyking: Notice the gap between the blue index line and the price. The swap is like a future that ends every 8 hours. At the end of the 8 hours the gap is used to make an incentive reward / punishment to make the price converge to the index
[2016-12-28 02:59:27] Ebit : MrRGnome: what determines that i get paid?
[2016-12-28 02:59:42] MrRGnome : Ebit: Difference in price betwwn your entry and exit points minus fees